Halliburton's Management

According to the company's Form 10-K annual report filed with the U.S. Securities and Exchange Commission, one issue involving social responsibility that affects Halliburton involves the numerous environmental, Halliburton has subsidiaries that have been named as potentially responsible parties along with other third parties for nine federal and state superfund sites for which it has established a liability. Despite attempts to resolve these superfund matters, the relevant regulatory agency may at any time bring suit against Halliburton for amounts far in excess of the amount accrued. In each case, Halliburton does not believe it has any material liability. As of December 31, 2007, the nine sites accounted for approximately $10 million of the company's total $72 million liability. Management has taken steps to address this problem. Halliburton is aggressive pursuing defenses against these allegations. Part of its contingency planning involves establishing specific accr